Page 2 - Nokia

TN inks Rs 900 cr deals with Microchip, Nokia, PayPal on Stalin's US visit

Tamil Nadu Chief Minister M K Stalin signed agreements with multiple global companies during their visit to the US, part of the state's vision to become a $1 trillion economy by 2030

Nokia to set up world's largest fixed network testbed in Chennai

The centre, involving an investment of about Rs 450 crore, will be one of Nokia's largest research and development (R&D) laboratories (labs)

Nokia mobile networks assets said to draw Samsung's preliminary interest

The Finnish company has been having discussions with advisers about potential options for its mobile networks business, which has struggled for years to compete with larger rivals like Huawei

Nokia joins hands with Axiom space for Nasa's human mission to moon

Nokia has joined hands with Axiom Space to integrate advanced 4G/LTE communication capabilities into the next-generation spacesuits that will be used for the Artemis III mission, NASA's ambitious plans to land humans at the south pole of the moon. The Artemis-III mission is likely to be launched in 2026 and Nokia plans to build the first cellular network on the moon, which would be in-built in the space suits used by astronauts. Nokia and Axiom Space will incorporate high-speed cellular-network capabilities in the Axiom Extravehicular Mobility Unit (AxEMU), supporting HD video, telemetry data and voice transmission over multiple kilometers on the Moon, a company statement said. "Adding high-speed 4G/LTE network capability on the Moon will serve as a vital bridge linking astronauts to Earth, facilitating crucial data exchange, and enabling high-definition video communication over long distances," Russell Ralston, Axiom Space executive vice president of extravehicular activity, said i

Vodafone Idea plans to clear Rs 1,500 cr debt to Nokia by December 2025

Vodafone Idea (Vi) recently issued 1,027 million equity shares to Nokia through a preferential issue, thereby settling around half of its debt to the network solutions provider

Nokia achieves 5G download speed of 1.2 Gbps during trial with Airtel

Finnish telecom gear maker Nokia has achieved a top download speed of 1.2 gigabit per second for 5G services several times during trials it concluded recently, the company said on Monday. The download speed was achieved during the first 5G non-standalone (NSA) Cloud radio access network (RAN) trial with Bharti Airtel (Airtel) in India. "The trial took place in an over-the-air environment utilising 3.5 GHz spectrum for 5G and 2100 MHz for 4G. Data calls were successfully performed with commercial user devices over Airtel's commercial network achieving a throughput of over 1.2 Gbps," Nokia said in a statement. Nokia spokesperson said the top speed of over 1.2 Gbps was achieved several times during the trial in the mid-frequency band of 3.5 Ghz. "This successful trial with our long-term partner, Bharti Airtel supports their ambitions for building scalable, agile and highly automated networks. Nokia's approach to Cloud RAN means that our customers can flexibly evolve to Cloud RAN with

Nokia reports double-digit Q2 profit drop, expects better second half

Wireless and fixed-network equipment maker Nokia Thursday reported a double-digit fall in profit and sales in the second quarter due to a continuing weak market as clients are holding off investments in 5G technology. The Espoo, Finland-based company reported a net profit of 328 million euros (USD 359 million) for the April-June period, down 20 per cent from 409 million euros (USD 447 million) a year earlier. Net income attributable to shareholders was 325 million euros (USD 355 million), down from 410 million euros a year earlier. Similarly to its Nordic rival Ericsson of Sweden, Nokia has suffered in the past year from operators cutting back on investments into 5G and other telecom technology because of economic uncertainty and high financing costs. Our financial performance in the second quarter continued to be impacted by the ongoing market weakness with net sales declining 18 per cent year-on-year in constant currency, Nokia CEO Pekka Lundmark said in a statement. Nokia's sales

Vi shareholders okay Rs 2,458 cr preferential issue to Nokia, Ericsson

Offering stake to its vendors will allow Vi to partially clear outstanding dues

Tech wrap Jun 25: Motorola Razr 50 series, iOS 18 dev beta 2, Nokia phones

Motorola has unveiled the Razr 50 and Razr 50 Ultra. Apple rolls out iOS 18 developer beta 2 to eligible iPhones. Nokia launches three feature phones with built-in YouTube, YouTube Music, UPI apps

HMD launches Nokia feature phones with built-in YouTube, YouTube Music, UPI

The Nokia 3210, Nokia 220 4G, and Nokia 235 4G will be available online on HMD website and e-commerce platform Amazon India, and offline at select retail stores

Vodafone Idea eyes share issue to Nokia, Ericsson for debt settlement

Vi disclosed plans to raise up to Rs 2,458 crore through a preferential share allocation to Nokia and Ericsson, aimed at clearing a portion of their pending dues

Vodafone Idea to offer Rs 2,458 crore stake to Nokia and Ericsson

Shareholders to decide on the preferential issue at EGM on July 10

Nokia, Ericsson to pick Rs 2,458 cr stake in Vodafone Idea in lieu of dues

Debt-ridden telecom operator Vodafone Idea will allocate shares worth Rs 2,458 crore to vendors Nokia India and Ericsson India to clear their partial dues, a regulatory filing said on Thursday. The board of Vodafone Idea Ltd (VIL) has cleared allotment of shares on preferential basis at about 35 per cent higher price compared to the follow-on offer price of the company, and comes with a lock-in of 6 months. "The Board of Directors of Vodafone Idea Limited today approved preferential allotment of about 166 crore equity shares of face value of Rs 10 each, at an issue price of Rs 14.80 per share, for an aggregate consideration of up to Rs 2,458 crore, to two of its key vendors, Nokia Solutions and Networks India Private Limited and Ericsson India Private Limited," the filing said. Nokia and Ericsson will participate for up to Rs 1,520 crore and Rs 938 crore respectively, subject to approval by VIL shareholders at the EGM to be held on July 10, 2024, the telco said in a release. "Nokia

Nokia CEO Pekka Lundmark makes world's first 'immersive' phone call

Nokia made the call using a regular smartphone over a public 5G network

Nokia, Gati Shakti Vishwavidyalaya ink pact to partner on 5G, 6G research

Finnish telecom gearmaker Nokia on Monday said it has signed an agreement with the Gati Shakti Vishwavidyalaya (GSV) for carrying out joint research related to 5G/6G communications in the transportation and logistics sector. Nokia and Gati Shakti Vishwavidyalaya, a university under the Ministry of Railways, will collaborate on research opportunities in 5G/6G communications targeting air, land and sea transportation use cases, as well as standards development, smart factory/ automation, and AI/GenAI labs, a company statement said. The MoU (Memorandum of Understanding) was signed at Rail Bhawan, New Delhi, in the presence of railway minister Ashwini Vaishnaw, who is also the Chancellor of Gati Shakti Vishwavidyalaya. "This important collaboration has very significant potential to leverage advances in the telecommunications sector for the entire transportation and logistics sectors. This MoU further reinforces industry-driven approach of the university to proactively co-work with the .

Vi steps up talks with Nokia, Ericsson to accelerate 4G network enhancement

Vodafone Idea intends to allocate Rs 13,000 crore for capital expenditures, with over half of it earmarked for expanding its 4G infrastructure

Wipro bags AI deal to transform Nokia's digital workplace services

Wipro said its team will build a "bespoke" artificial intelligence-powered, cloud-based solution for Nokia's workforce of around 86,700 users globally in 130 countries of operations

Nokia India posts 69% decline in sales at Rs 2,360 cr in March quarter

Finnish telecom gear maker Nokia posted a 69 per cent decline in India sales to 265 million euros, about Rs 2,360 crore, in the March quarter due to moderating 5G rollout in the country. The company had posted net sales of 853 million euros in the year-ago period. "Net sales in APAC declined strongly in the quarter, mainly due to Mobile Networks and Network Infrastructure. Within APAC (Asia Pacific), India net sales declined reflecting the normalisation of 5G investments in the region after significant deployments in the year-ago quarter," Nokia said. The lower spending levels in India and North America led to a 37 per cent decline in sales of Nokia's mobile network at the global level. "A slower pace of spending in India was anticipated following the rapid 5G deployment seen in H1 (first half) 2023, and our expectations for India for the full year remain unchanged," Nokia President and CEO Pekka Lundmark said. Nokia's overall net sales fell 20 per cent to 4.6 billion euros during

Nokia posts stronger H2 after Q1 comparable profit grows less than expected

CEO Pekka Lundmark said an improvement in order intake seen late last year continued in the first quarter despite a persistent challenging business environment

Nokia, Sterlite Tech to develop digital solutions for govt, enterprises

Finnish telecom and IT company Nokia on Monday said it has partnered with Sterlite Technologies (STL), an optical and digital solutions company, to enhance networking and digital solutions for government institutions and enterprises. The partnership will also focus on government-driven connectivity projects to offer connectivity and networking solutions, Noika said in a statement. "The collaboration will accelerate the Industry 4.0 revolution. By leveraging these solutions, businesses can gain a competitive edge and drive transformation with disruptive technologies," the statement said. Both companies will strengthen enterprise networks, providing high-speed, high availability, low-latency connections for applications such as 5G, IoT ( Internet of Things), data centre interconnect, supply chain efficiency, real-time data analytics, and generative AI use cases, according to the statement. "STL's extensive experience in connectivity solutions, coupled with Nokia's technological stren